Colorado apartment rents continue to outpace nation

Colorado apartment rents are growing at almost twice the national average, according to a report issued Friday by San Francisco-based Apartment List.

Average rents, compared with this time last year, are growing at a rate of 4.1 percent in Colorado, compared with the national average of 2.7 percent, according to the report. Rents in the state increased by 0.4 percent from February to March, with one-bedroom units averaging $1,240 and 2-bedroom units at $1,480.

As usual, Boulder had Colorado’s most expensive median rents last month, posting an average two-bedroom monthly rent of $1,920, a gain of 1.5 percent from February and 4 percent from March 2015. Superior wasn’t far behind, with an average two-bedroom price of $1,900, while Broomfield averaged two-bedroom rents of $1,610 and $1,600 respectively.

In the Boulder Valley and Northern Colorado, the largest year-over-year growth in rents was posted in Longmont, which saw a 6.7 percent increase from the same month in 2015. Average rent for a two-bedroom unit there was $1,100, according to the report.

Fort Collins saw average two-bedroom rents of $1,390 in March, while Loveland and Greeley were comparative bargains at $950 and $930 respectively.

Any Colorado renters wincing over the prices, however, need only look to the coasts for some solace. According to Apartment List, San Francisco and New York City are neck and neck for the highest rents in the country, with two-bedrooms in the city by the bay averaging $4,780 a month while those in the Big Apple are fetching $4,450.

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